The winter holidays have long been harbingers of chaos for the logistics industry. Typically, volume spikes and tender rejection rates soar ahead of the festivities, leaving shippers scrambling for capacity as shoppers scavenge store shelves for the latest and greatest gifts. Last year’s peak retail season stands apart from previous years in that there wasn’t much of a “peak” at all. The project44 Ocean Container Rollover Index (P44ORI) – which measures the weekly proportion of cargo departing a port on a different vessel than originally scheduled – shows that rollovers have been suppressed on a year-over-year basis for quite some time. Lower rollovers mean fewer shipments are being pushed to later sailings due to packed ships. Generally, this indicates fewer delays, loosening capacity and falling rates. While rollovers did jump slightly around Christmas, they are quickly returning to pre-holiday levels. SONAR’s Outbound Tender Volume Index (OTVI) paints a similar picture in the trucking space. The index measures electronic offers from shippers to truckload carriers on a real-time basis. An increase in OTVI indicates higher volumes and tighter capacity, while a decrease in OTVI points to lower volumes and looser capacity. Outbound volumes fell nearly 30% between December 2021 and […]
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